SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates
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SoFi Technologies (SOFI) cut to underweight at Morgan Stanley on profitability target risks
January 31, 2024 7:54 AM ESTSoFi Technologies (NASDAQ: SOFI) was cut to Underweight at Morgan Stanley on Wednesday, with analyst Jeffrey Adelson lowering the bank's price target for the stock to $6.50 from $7 per share.
Adelson cited factors such as regulatory headwinds and execution risks to reaching the company's new profitability targets as reasons for the... More
SoFi Invest (SOFI) members will now be able to invest in mutual funds and money market funds as well as select alternative investments
January 29, 2024 7:33 AM ESTSoFi (NASDAQ: SOFI), the all-in-one digital personal finance company, announced today that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of... More
SoFi Technologies (SOFI) Tops Q4 EPS by 2c, Offers Guidance
January 29, 2024 7:02 AM ESTSoFi Technologies (NASDAQ: SOFI) reported Q4 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $594.2 million versus the consensus estimate of $571.83 million.
GUIDANCE:
SoFi Technologies sees Q1 2024 revenue of $550-560 million, versus the consensus of $580.1 million.Management expects to generate $550 to $560 million of adjusted net revenue in the first quarter of 2024, $110 to $120 million of adjusted EBITDA and GAAP net income of $10 to $20 million. This guide anticipates a 20% adjusted EBITDA margin.For the full year 2024, management expects Tech Platform and... MoreStocks expected to have increasing option volume
January 29, 2024 3:43 AM ESTStocks expected to have increasing option volume: SMCI CLF NUE FFIV SOFI WHR CR MSFT GOOG GOOGL MSFT AMD
... MoreSoFi Technologies (SOFI) February weekly option implied volatility into quarter results
January 26, 2024 10:30 AM ESTSoFi Technologies (NASDAQ: SOFI) February weekly call option implied volatility is at 170, February is at 119; compared to its 52-week range of 47 to 100 into the expected release of quarter results before the bell on January 29.
... MoreSoFi Technologies (SOFI) February weekly 7.5 straddle into quarter results
January 26, 2024 5:28 AM ESTSoFi Technologies (NASDAQ: SOFI) February weekly 7.5 straddle priced for a move of 13% into the expected release of quarter results before the bell on January 29.
... More